A value chain is a chain of functional activities that transforms inputs into finished goods or services customers value.

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A value chain is a series of activities that businesses perform to create and deliver a valuable product or service to their customers. These activities include everything from sourcing materials and manufacturing products to marketing and selling them. The goal is to optimize every step of the process to create the most value for the customer while minimizing costs and maximizing profits for the business.

A Value Chain Is a Chain of Functional Activities That